Smouldering yes I have noticed that its been happening over about 9 months?
Not much we can do when a trend runs out of buyers to sustain upward price... at its core that's what causes a down turn.
The next major thing here imo is to see if there's any support at the middle of the lower triangle consolidation, price usually finds support here but if not then its another major TA red flag to add to the growing list.
RAC - Charts & Price Action, page-7404
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Last
$1.69 |
Change
0.000(0.00%) |
Mkt cap ! $288.0M | |||
| Open | High | Low | Value | Volume |
| $1.69 | $1.69 | $1.65 | $179.8K | 108.0K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 1437 | $1.65 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.74 | 3313 | 1 |
View Market Depth
| Last trade - 15.58pm 03/10/2024 (20 minute delay) ? |
| RAC (ASX) Chart |